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Bitcoin -- the Emperor's new clothes 
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Post Bitcoin -- the Emperor's new clothes
"Let me issue and control a nation’s money and I care not who writes the laws." – Amschel Rothschild, 1790

"Meet the new boss, same as the old boss." -- The Who, 1971

Bitcoin was devised in 2009 by a mysterious figure known as Satoshi Nakamoto.

Nobody knows who Satoshi Nakamoto is. It's a mystery. In other words, it's a secret. Secrecy is a defining characteristic of the ruling sociopaths that wish to move all of humanity to a "One World" currency. Could Bitcoin be that currency?

Bitcoins can be issued by anyone with a powerful personal computer: it mints them by solving extremely difficult mathematical problems. The problems are automatically made harder to ensure that the overall supply of Bitcoins cannot grow too fast.

This is truly bizarre. You create money by solving mathematical problems? The solutions to these problems must already be known, since someone apparently knows how hard they are to solve. So exactly who controls the selection of the mathematical problems? That person or persons ultimately controls the creation of the Bitcoin money.

Bitcoin is getting a boost due to the monetary crisis in Cyprus. Does anyone recognize the sociopaths' usual game plan here -- problem, reaction, solution? They create the problem, knowing in advance the public reaction the problem will evoke, and knowing the solution the people will demand, which will be the very solution the ruling sociopaths have planned for us -- a new "one world" currency.

Early Bitcoin users have a chance to get rich quick as the perceived value of Bitcoins rises rapidly. Does anyone recognize this well-know phenomenon? It's a con-game, a Ponzi scheme. It's what the ruling sociopaths do so well. They deceive and manipulate the masses for their benefit, not for ours.

They are traded online, with transactions cryptographically authenticated.

Bitcoins have no real backing (they are a pure fiat currency), they are completely digital, they cost nothing to create, they are not controlled by the people that use them, they are supposedly a completely automated "magic box" currency, and they know no national boundaries. Does that sound like the One World currency the ruling sociopaths want us to lust after and slave for?

On the website Silk Road, a sort of eBay for drugs hidden in a dark corner of the web known as Tor, Bitcoins are the only means of transaction. Bitcoin transactions on Silk Road are now worth $1.9m per month, estimates Nicolas Christin, a researcher at Carnegie Mellon University.

Drug money. The New World Order currency has to facilitate the drug trade, which probably generates more profit and power for the ruling sociopaths than any other source. Drug transactions should be untraceable by the public, but totally verifiable by the controllers of the money (and the drugs). With all transactions cryptographically authenticated, whoever holds the cryptographic key has access to all the transactions. Guess who that might be? Maybe the same people that created this Bitcoin system?

Bitcoins tend not to be very secure, says Richard Booth, a consultant at RSA, a cyber-security firm. As some users have found to their cost, hackers can sometimes steal Bitcoins from users’ online vaults.

If your Bitcoins disappear, you are already being brainwashed to blame it on "hackers". They are the new terrorists, the new bad guys. But if the ruling sociopaths are the real controllers of the Bitcoin system, they would certainly ensure that they had complete access to every virtual "wallet" out there, which they could access at any time without the slightest suspicion and without ever being caught.

Wake up, people. This is the same old control structure with a shiny new exterior. We're being played.

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Mon Apr 01, 2013 4:07 am
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In 2011, economist Kyle Bass interviewed a senior member of the Obama administration about its planned solutions for fixing the US economy and trade deficit.

Among the questions he asked was about U.S. exports and wages, but the question itself was not nearly as important as the response he received from this senior administration official. In fact, this single, seven word response clarifies everything, explains everything, and leaves little else to discuss: “We’re just going to kill the dollar.”

Why would they want to kill the dollar? Problem, reaction, solution. Problem -- kill the dollar. Reaction -- people panic as their world economy collapses. They demand a solution to restore economic normality. Solution -- Bitcoin, a new, one world currency, controlled by the very people that created the initial problem.

The ultimate objective is to implement an international currency in tandem with a system of global governance.

A New World Order, devoid of independent nations, devoid of independent people, devoid of independent minds. A single, global, slave state serving the controlling elite and their chosen minions.

"It's a big club, and you ain't in it!" -- George Carlin

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Thu Apr 04, 2013 8:01 am
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Fri Apr 05, 2013 5:03 pm
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The whole thrust behind Bitcoin is that it removes the need for trust in currency; trust in bankers, trust in governments, trust that the two won’t collude to do you over, like they did with everybody in Cyprus.

Wrong. The trust is placed in the hands of the mysterious powers that created the Bitcoin system and hold its cryptographic keys. Is it any wonder that their identities are unknown, and that they have disappeared?

The mainstream media are trumpeting the official propaganda designed to eventually convince everyone that Bitcoin is a legitimate alternative to our present currencies. Would the PTB allow a currency to compete with their system? We have seen over and over again that they will not. If they are not only allowing Bitcoin to prosper, but are also trumpeting it in their mass media mouthpieces, you can be sure they are behind it.

And if the PTB are behind it, do you think they are doing it for your benefit?

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Fri Apr 05, 2013 5:45 pm
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Post Re: Bitcoin -- the Emperor's new clothes
You're certainly presenting a valid argument here Chico!

Quote:
Cyber attack on Bitcoin exchange exposes flaws in virtual currency

Fresh flaws in the virtual currency Bitcoin were exposed yesterday after cyber attacks on the main exchange where the digitally created currency trades.

Bitcoins are a 'virtual' currency not linked to any state or central bank that have been in existence since 2009. However, interest in the Bitcoin project, and the price paid for each Bitcoin surged in recent weeks.

That followed the banking crisis in Cyprus which provoked fears in some quarters that holders of traditional currencies like the euro could lose out as a result of devaluations or a currency break-up.

Yesterday, trading on the MTGox exchange, which handles most of Bitcoin trading, slowed to a near crawl as the site fought off what is believed to have been an attack from unidentified hackers.

Another website called Instawallet – which is used by people to store Bitcoins – went offline after a similar attack. Read more...

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Sun Apr 07, 2013 1:11 am
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Post Re: Bitcoin -- the Emperor's new clothes
Is Bitcoin a Ponzi scheme?

It sure looks like it.

Will the One World currency desired by the ruling sociopaths be a Ponzi scheme?

I bet it will be.

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Bitcoin Ponzi scheme -- Chris Duane

November 22, 2017: Video censored at some point in the past. I can't find any alternative copies. That was one important video!

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Mon Apr 15, 2013 6:11 am
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Post Re: Bitcoin -- the Emperor's new clothes
BitCoin Panic: Department of Homeland Security Shuts Down Dwolla Payments Of Mt. Gox (Video)
Wednesday, May 15, 2013 6:20
source

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Wed May 15, 2013 2:43 pm
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Post Re: Bitcoin -- the Emperor's new clothes
No competing currencies are allowed. To maintain their control over the masses, the ruling sociopaths must enforce a monetary monopoly. Competing currencies mean free markets, which means freedom, which is the opposite of what the ruling sociopaths are after. What is the opposite of freedom?

Slavery.

If Bitcoin is actually their experiment with public acceptance of digital fiat currency, then this ruling could just be a bit of theater to fool us, like a controlled opposition strategy, something they do routinely. Or maybe they are just shutting down a successful trial run of a new replacement currency being prepared for the dollar's collapse. Because there is no transparency, the ruling sociopaths can keep us guessing.

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Wed May 15, 2013 4:52 pm
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Max Keiser of Russia Today drops by to explain the genesis and implications of the digital currency Bitcoin, why The Federal Reserve and the banking system should apologise to the people for manipulating interest rates, how Warren Buffett is complicit in the Mexican drug trade by purchasing Wells Fargo, and Max's crazy times in the 1980s as a New York City stockbroker by day and punk-rock party animal by night.

Image

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Sun Jun 02, 2013 2:05 pm
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Post Re: Bitcoin -- the Emperor's new clothes
I was reading this blog, and it turned my thoughts to Bitcoins once again. I found myself thinking....

What's wrong with Bitcoins?

Just about everything.

For one thing, they are mostly imaginary. You can't hold one in your hand. You need a computer to access bitcoins. That means you need electricity. And if the electric grid goes down from a solar pulse? Your Bitcoins are worthless. That's when you realize they never even really existed.

Bitcoins are just like any other fiat currency -- they are faith based. Their value is determined by public perception. That means their value is unstable. Is that what we look for in money? No, we look for the exact opposite. We look for stability. That's why gold and silver have been money for thousands of years. That is the benchmark for stability.

Where do Bitcoins come from, and who decides how many of them exist? Why is there so much secrecy surrounding the true answers to that question? That lack of transparency smacks of con-artistry, the same force we now know was behind the U.S. dollar ever since the Federal Reserve was created in 1913. During the 100 years since the Federal Reserve took control over the creation of our money, the dollar has lost 98% of its purchasing power. Coincidence? Not at all.

Bitcoins smell fishy to me. I don't trust them at all. In Gold we trust. A couple thousand years ago, organized con-men tricked us into dropping the "L", so it became "In God we trust". That too smells fishy to me. It's just more imaginary, faith-based BS designed to move gold from our pockets into theirs. And money is power. We were tricked into giving them our power. What kind of human is focused on accumulating power and wielding control over others via deception and manipulation? Yep, the morally insane, later called psychopaths, then sociopaths, and now being called people with antisocial personality disorder.

So think about it carefully: which of those four descriptors would best describe our last three presidents -- Bill Clinton, George Bush, and Barack Obama?

Morally insane, if you ask me.

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Fri Nov 08, 2013 11:49 pm
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